Definitions from Wiktionary (overbid)

▸ verb:  (intransitive) To make an excessively high offer to pay or accept a price.
▸ verb:  (transitive) To outbid.
▸ verb:  (intransitive, card games) To announce a goal, before starting play, that exceeds the goal actually achieved.
▸ noun:  An excessively high offer to pay or accept a price.
▸ noun:  (card games) The announcement of a goal, before starting play, that exceeds the goal actually achieved.
▸ Also see overbid



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